Analysts Set Crown Holdings, Inc. (NYSE:CCK) Price Target at $105.46

Shares of Crown Holdings, Inc. (NYSE:CCK) have earned an average rating of “Moderate Buy” from the thirteen analysts that are currently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $105.46.

CCK has been the topic of a number of recent analyst reports. StockNews.com raised Crown from a “hold” rating to a “buy” rating in a research note on Saturday, January 18th. Robert W. Baird boosted their price objective on shares of Crown from $100.00 to $110.00 and gave the stock an “outperform” rating in a research note on Monday, October 21st. Bank of America lowered their target price on shares of Crown from $107.00 to $101.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. Barclays boosted their target price on shares of Crown from $100.00 to $112.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Finally, Citigroup raised their price target on Crown from $110.00 to $111.00 and gave the company a “buy” rating in a research report on Monday, January 6th.

Insider Activity at Crown

In other Crown news, CEO Timothy J. Donahue sold 7,500 shares of Crown stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $96.73, for a total transaction of $725,475.00. Following the completion of the transaction, the chief executive officer now directly owns 563,678 shares of the company’s stock, valued at approximately $54,524,572.94. This trade represents a 1.31 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.90% of the stock is owned by insiders.

Hedge Funds Weigh In On Crown

Several institutional investors have recently added to or reduced their stakes in the company. abrdn plc increased its holdings in shares of Crown by 12.0% during the fourth quarter. abrdn plc now owns 3,750 shares of the industrial products company’s stock worth $307,000 after buying an additional 402 shares in the last quarter. Spire Wealth Management raised its position in Crown by 16.2% in the 4th quarter. Spire Wealth Management now owns 992 shares of the industrial products company’s stock valued at $82,000 after purchasing an additional 138 shares during the last quarter. Deroy & Devereaux Private Investment Counsel Inc. raised its position in Crown by 0.4% in the 4th quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 45,445 shares of the industrial products company’s stock valued at $3,758,000 after purchasing an additional 165 shares during the last quarter. SeaBridge Investment Advisors LLC grew its holdings in shares of Crown by 12.8% during the fourth quarter. SeaBridge Investment Advisors LLC now owns 3,613 shares of the industrial products company’s stock worth $299,000 after purchasing an additional 410 shares during the last quarter. Finally, Washington Capital Management Inc. acquired a new stake in shares of Crown in the fourth quarter valued at $604,000. 90.93% of the stock is owned by institutional investors.

Crown Price Performance

NYSE CCK opened at $87.93 on Monday. Crown has a fifty-two week low of $69.61 and a fifty-two week high of $98.46. The stock’s 50-day moving average is $86.26 and its two-hundred day moving average is $88.70. The firm has a market cap of $10.52 billion, a P/E ratio of 108.55, a price-to-earnings-growth ratio of 1.68 and a beta of 0.86. The company has a debt-to-equity ratio of 2.19, a current ratio of 1.21 and a quick ratio of 0.84.

Crown Company Profile

Crown Holdings, Inc, together with its subsidiaries, engages in the packaging business in the United States and internationally. It operates through Americas Beverage, European Beverage, Asia Pacific, and Transit Packaging segments. The company manufactures and sells recyclable aluminum beverage cans and ends, glass bottles, steel crowns, aluminum caps, non-beverage cans, and aerosol cans and closures.